Prospera Financial Services Inc Has $20.28 Million Position in Sprott Physical Silver Trust $PSLV

Prospera Financial Services Inc raised its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 12.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,291,526 shares of the exchange traded fund’s stock after buying an additional 144,014 shares during the period. Prospera Financial Services Inc owned about 0.22% of Sprott Physical Silver Trust worth $20,277,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PSLV. Jane Street Group LLC increased its holdings in Sprott Physical Silver Trust by 163.6% in the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after buying an additional 3,582,153 shares during the last quarter. 3EDGE Asset Management LP bought a new stake in Sprott Physical Silver Trust in the third quarter worth approximately $34,374,000. Alps Advisors Inc. increased its stake in shares of Sprott Physical Silver Trust by 118.7% during the 3rd quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after purchasing an additional 1,657,153 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Sprott Physical Silver Trust by 15.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 7,610,391 shares of the exchange traded fund’s stock worth $93,214,000 after purchasing an additional 1,002,527 shares during the last quarter. Finally, TT Capital Management LLC lifted its stake in shares of Sprott Physical Silver Trust by 4,785.4% in the 2nd quarter. TT Capital Management LLC now owns 687,475 shares of the exchange traded fund’s stock valued at $8,415,000 after purchasing an additional 673,403 shares during the last quarter.

Sprott Physical Silver Trust Trading Up 10.3%

PSLV opened at $27.49 on Tuesday. The stock has a 50-day moving average of $25.72 and a 200-day moving average of $18.81. Sprott Physical Silver Trust has a 52-week low of $9.97 and a 52-week high of $38.13.

Sprott Physical Silver Trust Profile

Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.